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Offline liberman

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Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« on: January 14, 2014, 10:03:11 AM »

We are in the early stages of developing the protocol that will change the world forever.
We are calling it Bitcloud, to separate it from Wetube, which is the interface. The main important features are:
  • We are generating money from bandwidth sharing instead of mining!
  • We introduce optional moderators to make the content of our net of very high quality (anyone can become a moderator).
  • We optionally protect the IP and identity of the users and nodes that share delicate content
  • And we have a blockchain too! But quiet different from actual ones.
  • We don't initially own 100% of the coins like in Mastercoin or Next

YOU HAVE THE OPPORTUNITY TO WORK WITH US IN THIS VERY EARLY PROCESS AND BECOME PART OF THE  TEAM DOING THE MAIN DECISSIONS.

In contrast to what Invictus and Mastercoin is doing (centralizing development and investment), I want, as an experiment, to make this process REALLY open, allowing anyone who wants to participate to share his opinion.

We are contacting developers and thinkers only now, as we don't want this project to become mainstream until we have something to really work in and a good bunch of developers.
Please, spread the word between developers, marketers, thinkers, and similar people. There is no way that 1, 2 or 5 people can do this big project alone. We must go together.

We are in #wetube at freenode. You can also contact me by PM and/or mail.

THE EARLY STAGE OF THE PROTOCOL:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org
(Please read the sections we already have. We are still deciding the blank ones.)

THE EARLY NON-TECHNICAL WHITE PAPER:
https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md

Join us!

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Offline JakeThePanda

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #2 on: January 16, 2014, 06:48:48 PM »
Is the plan to offer to PTS/AGS holders?

Online oco101

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #3 on: January 17, 2014, 02:16:15 AM »
Cool nice to see that it is out there. I just saw it in Hacker news. Still need to find the time to read the white paper tough !!!
« Last Edit: January 17, 2014, 03:36:36 AM by oco101 »

Offline ripplexiaoshan

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #4 on: January 17, 2014, 03:30:45 AM »
Sounds interesting, just one question, in what way are you going to honor the pts/ags holders at 10%.
BTS ID:xiaoshan

Offline fuzzy

Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #5 on: January 17, 2014, 10:23:13 AM »
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...

« Last Edit: January 17, 2014, 10:27:05 AM by fuznuts »
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline Giga

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #6 on: January 17, 2014, 02:05:01 PM »
i know of bit cloud from BTT, but if it's not a DAC what's it doing in the DAC forum ? Should be in off topic..

Offline bitcoinba

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #7 on: January 17, 2014, 02:29:02 PM »
Agreed

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Offline toast

Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #8 on: January 17, 2014, 02:33:52 PM »
I'm not impressed by their proof of bandwidth solution
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline liberman

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #9 on: January 23, 2014, 11:46:01 AM »
The proff of bandwidth solution is in a separate paper. Check it out:

https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org


Offline liberman

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #10 on: January 23, 2014, 11:47:33 AM »
Please, join us at the forum:

http://talk.bitcloudproject.org

There are some interesting conversations there I'm sure you'd love to read.

Online oco101

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #11 on: January 23, 2014, 12:59:00 PM »
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...
+1

Offline liberman

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #12 on: January 23, 2014, 02:25:17 PM »
Pretty sure they aren't.  If they were, he would have likely said it.  :/

Not that it matters.  Invictus is going to do well for all investors  who hold it...and that value of DACs like BitCloud and WeTube will likely float on the bitshares market.  Now if they are....it might be worth investing a few of my Protoshares for a favorable +% of initial money supply created in their DAC at launch (and possibly over time), but otherwise I'll probably watch it from afar (and check out their freenode).

Just MHO...
+1

If we are not Invitus, why would us want to use PTS?
If we have to premine something, it should be under our conditions, and we are going to be really open in this regard.
In fact, our mining procedure is quite different: we mine bandwidth, so it has no sense to use PTS.

Please,  have a look at the new updates:

Economic model:
https://github.com/wetube/bitcloud/blob/master/economic-model.org

Protocol:
https://github.com/wetube/bitcloud/blob/master/bitcloud.org

Proof of bandwidth:
https://github.com/wetube/bitcloud/blob/master/proof-of-bandwidth.org

And most importantly, please join our forum:
http://talk.bitcloudproject.org/

Offline td services

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Re: Bitcloud, the protocol of Wetube, PROOF OF BANDWIDTH
« Reply #13 on: January 25, 2014, 03:48:51 PM »
Sorry, liked the idea initially but the moderation feature makes this a non-starter for me. This proposal has vulnerability by design.

 

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